Altigen Comm Stock Price, News & Analysis

Altigen Communications reported its fourth quarter fiscal 2022 results, showing a net revenue increase of 28% to $3.6 million. Cloud services revenue fell 1% to $1.9 million, while professional services surged 706% to $1.2 million. The GAAP net loss narrowed to $0.8 million, with a diluted EPS of ($0.03). Non-GAAP metrics showed a net income of $0.2 million, with diluted EPS of $0.01. Fiscal 2022 net revenue rose 8% to $11.9 million, bolstered by significant improvements in service offerings and the acquisition of ZAACT Consulting.

Altigen Communications (OTCQB:ATGN) reported its fourth quarter and full year financial results for the year ending September 30, 2022. Fourth quarter net revenue surged by 28% to $3.6 million, driven by a remarkable 706% increase in professional services revenue. However, cloud services revenue dipped 1% to $1.9 million, while gross margin fell to 63.8%. The company incurred a GAAP net loss of $0.8 million with diluted EPS of ($0.03). Overall, fiscal 2022 net revenue rose 8% to $11.9 million amid significant strategic advancements.

Altigen Communications (OTCQB:ATGN), a provider of cloud-based Customer Experience (CXaaS) solutions, will report its fourth-quarter and fiscal year 2022 financial results on December 15, 2022. A conference call is scheduled for 2:00 p.m. PT to discuss the results. Altigen focuses on enhancing customer engagement and employee productivity using Microsoft technologies and offers AI-driven insights to improve service efficiency. The company operates globally from its Silicon Valley headquarters.

Altigen Communications (OTCQB:ATGN) announced its third-quarter financial results for the period ending June 30, 2022. The company reported a 6.4% increase in net revenue to $3.0 million, despite a 3.0% decline in cloud services revenue. Professional services revenue surged 163.0% to $0.6 million, while gross margin decreased to 67.8%. The company recorded a GAAP net loss of $0.01 million with a diluted EPS of ($0.01). Customer adoption for new platforms, including CoreInteract, MaxCloud, and FrontStage, is growing, with initial customers secured and significant growth opportunities identified in the UCaaS, CCaaS, and CEaaS markets.

Altigen Communications (OTCQB:ATGN) has announced that its CoreInteract solutions suite has been designated as a Preferred Solution in the Microsoft Commercial Marketplace, AppSource. This recognition highlights the suite's capabilities in enhancing Microsoft Teams Phone System. The company continues to invest in product development following its acquisition of ZAACT Consulting, which enhances its technical resources to better serve enterprise customers. Altigen aims to improve customer experience and operational efficiency with its cloud-based solutions.

Altigen Communications (ATGN) reported its financial results for Q2 FY 2022, showing a GAAP net income of $0.1 million, a significant improvement from a net loss of $0.3 million a year prior. GAAP diluted EPS reached breakeven compared to a loss of $0.01. Despite a 4.8% decline in total revenue to $2.5 million, non-GAAP net income rose by 43.1% to $0.3 million. The company introduced new customer experience-as-a-service (CXaaS) products and acquired ZAACT Consulting to enhance service offerings and drive future growth.

Altigen Communications (OTCQB:ATGN) has successfully acquired the assets of ZAACT Consulting, a company specializing in Microsoft Teams solutions. The transaction, which closed on May 6, 2022, positions Altigen as a leading provider of cloud communications and collaboration services. ZAACT generated over $5.3M in revenue in fiscal 2021, with about $0.5M in net income. The purchase was funded primarily by cash and stock, totaling $4.5M. This acquisition is expected to enhance Altigen's capabilities and customer base in the Microsoft ecosystem.

Altigen Communications, Inc. (OTCQB:ATGN) will release its Q2 FY2022 financial results on May 12, 2022, post-market close. The company, known for its cloud-based Customer Experience solutions, will host a conference call at 2:00 p.m. PT (5:00 p.m. ET) to discuss these results. Key executives, including CEO Jeremiah Fleming, will lead the discussion. Interested parties can join via telephone or a live webcast. The company is committed to enhancing customer engagement through its AI-driven solutions and global reseller network.

Altigen Communications (OTCQB:ATGN) will present at the Sidoti May Virtual MicroCap Conference on May 11, 2022, at 1:00 p.m. ET. Jerry Fleming, the CEO, will discuss the company's cloud-based Customer Experience (CXaaS) solutions. Interested investors can register for the webcast here. The conference will also feature one-on-one meetings on May 11-12. Altigen's solutions enhance customer engagement and employee productivity through automation and AI, supported by a global network of certified resellers.